Mauritius sells Rawat's 20.3% stake to existing Britam shareholders
The Mauritius Government has agreed to sell the 20.3% percent stake in Kenya's diversified financial services company, Britam to existing shareholders after seizing it from a disgraced tycoon,Dawood Rawat, it said on [...]
CBK Postpones fate on Imperial Bank, says 80% depositors paid Kshs 6.8B
The Central Bank of Kenya has said that significant progress has been made on Imperial Bank and that it will take time to decide the fate of IBL after scrutiny [...]National Bank of Kenya plunges into a 230% loss of Kshs 1.2 Billion
The National Bank of Kenya has a loss of Kshs 1.2 Billion for the Full year ended 31 December 2015 against a profit of Ksh 1.3 billion posted in the previous year . [...]National Bank of Kenya issues a Late profit warning, Shares dip to 11-Year Low
Kenya's National Bank issued profit warning on Wednesday, saying its 2015 earnings will fall by at least 25 percent hurt by bad loans. The bank placed its chief executive officer [...]Foreign Investors Dump Nigeria for Nairobi Johannesburg Exchanges
The expectations that Nigerian equities market will rebound soon may be dashed as some of the foreign investors, who left the Nigerian Stock Exchange (NSE) are taking advantage of opportunities [...]Top International Business Leaders to Meet in Nairobi for Frontier 100 Forum
African and global business leaders will gather for the Initiative for Global Development’s Spring Frontier 100 Forum on May 13-14, in Nairobi, Kenya. The Forum was originally scheduled for April [...]A Fund Manager who made Impressive Topline Performance in 2015
In conducting a post-mortem of the markets, 2015 was a tough year in the markets especially for market intermediaries i.e. stock brokers, investment banks, fund managers etc. Now when a [...]Bidco Moves to court, blocks Uchumi Bankruptcy case over unpaid arrears
The Monitor Kampala — The hearing of Uchumi's bankruptcy petition filed at High Court on Wednesday flopped following a request by Bidco company to be given time to reply to [...]Gov't to inject Ksh 3 Billion into Mumias via rights issue, Share Price hits all time low
The National government will give Mumias Sugar Company Ksh 3 Billion to ensure its workers and farmers are paid on time. This is according to Kenya's Deputy President Mr William Ruto who visited [...]Nairobi Securities Pushes derivatives Launch to June
The Nairobi Securities Exchange has now pushed the much anticipated derivatives exchange to June citing in-adequate preparations from other market players for the product. Furthermore, the Capital Markets Authority is seen to be slowing the [...]We are not for Sale Declares Barclays Bank of Kenya
Barclays Bank of Kenya has a issued a statement rubbishing rumors that it wants to sell the Kenyan unit. Following the announcement by the parent company on its intention to cut [...]NSE Kenya To Link Trade To Africa’s Top Exchanges
Investors at the Nairobi Securities Exchanges will in the coming years begin to trade in securities in other three top exchanges in Africa without opening an additional trading account under a plan [...]
